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Stora Enso shares converted and North American stock options exercised

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STORA ENSO OYJ Stock Exchange Announcement 15 December at 11.00


Stora Enso shares converted and North American stock options 
exercised

Share Conversion 
During the 1–30 November 2005 conversion period there were two 
conversions and a total of 1 980 A shares were converted into 
R shares. The shares were recorded in the Finnish trade register 
today, 15 December 2005, and trading in the new R shares will 
start on 16 December 2005.

Breakdown of shares after conversion:
A shares	178 159 778
R shares	634 817 321
Total	812 977 099


Stora Enso North America Option Programme
Following the acquisition of Consolidated Papers, Inc. the Board 
of Directors decided to convert the Consolidated Papers’ share 
option plans into Stora Enso share option plans. During November 
2005 a total of 803 R shares were subscribed against North 
American stock options. These R shares were previously held by 
the Company. 

After the subscription the Company holds: 
A shares	38 600
R shares	24 374 885


For further information, please contact:
Ulla Paajanen-Sainio, Vice President, Investor Relations and 
Financial Communications, tel. +358 2046 21242


www.storaenso.com
www.storaenso.com/investors


STORA ENSO OYJ


p.p.	Jussi Siitonen	Jukka Marttila

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